WVC 16 - 13 A- 24
§16-13A-24. Acceptance of loans, grants or temporary advances.
Any public service district created pursuant to the provisions
of this article is authorized and empowered to accept loans or
grants and procure loans or temporary advances evidenced by notes
or other negotiable instruments issued in the manner, and subject
to the privileges and limitations, set forth with respect to bonds
authorized to be issued under the provisions of this article, for
the purpose of paying part or all of the cost of construction or
acquisition of water systems, sewage systems, stormwater systems or
stormwater management systems or gas facilities, or all of these,
and the other purposes herein authorized, from any authorized
agency or from the United States of America or any federal or
public agency or department of the United States or any private
agency, corporation or individual, which loans or temporary
advances, including the interest thereon, may be repaid out of the
proceeds of the bonds authorized to be issued under the provisions
of this article, the revenues of the said water system, sewage
system, stormwater system or associated stormwater management
system or gas facilities, or grants to the public service district
from any authorized agency or from the United States of America or
any federal or public agency or department of the United States or
from any private agency, corporation or individual or from any
combination of such sources of payment, and to enter into the
necessary contracts and agreements to carry out the purposes hereof
with any authorized agency or the United States of America or any federal or public agency or department of the United States, or
with any private agency, corporation or individual. Any other
provisions of this article to the contrary notwithstanding,
interest on any such loans or temporary advances may be paid from
the proceeds thereof until the maturity of such notes or other
negotiable instrument.

Note: WV Code updated with legislation passed through the 2016 Regular Session
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